Calculate the Cash Dividends Required to Be Paid for Each

question 50

Essay

Calculate the cash dividends required to be paid for each of the following preferred stock issuances:
$\begin{array}{l}\text { (a.) The semiannual dividend on } 11.5 \% \text { cumulative preferred, } \$ 100 \text { par value; } 6,000 \\\text { shares authorized, issued, and outstanding. } \\\text { (b.) The total dividends owed to preferred shareholders on } \$ 1.50 \text { annual cumulative } \\\text { preferred, } 100,000 \text { shares authorized, } 85,000 \text { shares issued, and } 81,350 \text { shares } \\\text { putstanding. The company did not pay dividends during the prior two years or } \\\text { during the current year. } \\\text { (c) The quarterly dividend on } 9.6 \% \text { cumulative preferred, } \$ 70 \text { stated value, } \$ 72 \\\text { liquidating value, } 20,000 \text { shares authorized, } 15,000 \text { shares issued and } \\\text { butstanding. No dividends in arrears. }\end{array}$

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Definitions:

Self-Defense

The act of defending oneself, one's property, or another person from physical harm using reasonable force or defense.

Fifth Amendment

An amendment to the U.S. Constitution that provides several rights relevant to both criminal and civil legal proceedings, including protections against self-incrimination and double jeopardy, and the right to due process.

White-Collar Crime

Non-violent crimes committed by individuals, professionals, or businesses, typically involving financial deception or fraud.

RICO

The Racketeer Influenced and Corrupt Organizations Act is a federal law designed to combat organized crime in the United States.